Bitcoin ETF trade volumes quieted down slightly Thursday following a record showing — but remained well above average amid the ongoing crypto rally.

The roughly $4.7 billion in trading volumes was the second-best total for the 10 US bitcoin funds since launching on Jan. 11.

The volumes indicate sustained investor appetite for the once-elusive products about two months away from a bitcoin halving event set to slow the creation of new bitcoin.

Read more: How the halving could impact bitcoin’s price

BlackRock’s iShares Bitcoin Trust (IBIT) finished the day just shy of $1.9 billion in trading volumes, according to Yahoo Finance data — down from the high of roughly $3.3 billion it…

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